What we do Naturite Agro Products Ltd manufactures and exports natural spice oleoresins and extracts used in pharmaceutical, healthcare, food, and beverage industries. It also produces ready-to-eat foods and household products. |
Founded in 1,990 |
Market share One of India's select manufacturers and exporters in spice oleoresins with strong presence in Indian subcontinent and East Asia markets. |
Problem solved Provides high-quality natural spice extracts for flavoring and health applications, offering consistent supply and specialty products to global customers. |
Top clients or who we serve Pharmaceutical, healthcare, food and beverage companies across India, US, Japan, Korea; primarily B2B. |
Key management - |
Our journey and innovations Incorporated in 1990, expanded product ranges to ready-to-eat foods and household products. Established large production capacity and export footprint. |
Where we operate India, Indian Subcontinent, United States, Japan, South Korea. |
Top products or what we offer Capsicum Oleoresin, Pure Capsaicin Natural, Paprika Oleoresin, Turmeric Oleoresin, Curcumin Powder, ready-to-eat foods, incense sticks, Hing, toothpowder, soya. |
Top brands - |
Raw materials needed Raw spices and herbal extracts for oleoresins and powders. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely from recurring sales to industrial clients, somewhat cyclical due to agricultural cycles. |
Our industry position Recognized niche player in spice oleoresins with significant production capacity and exports. |
Financial highlights FY 2023-24 revenue approximately Rs. 9.52 crore with a net profit of Rs. 0.35 crore, recovering from prior year loss. |
Geographical revenue split - |
Order book - |
Whats driving growth Expansion into new product categories and steady demand from pharmaceutical and food sectors drives growth. |
Our future plans Focus on product diversification and increasing production efficiency; no major change in business nature reported. |
Our green promise - |
Our people and values Committed to employee empowerment and a safe workplace, emphasizing ethical conduct and inclusion. |
Key challenges ahead Volatility in raw material prices and market competition are key challenges. |
Interesting facts One of the few Indian companies with large scale production of pure capsaicin and spice oleoresins. |
Risks and strategy Mitigate agriculture supply risks via diversified sourcing; focus on quality and export market expansion. |
